IDEX Lifts FY22 Outlook

(RTTNews) - While reporting its results for the third quarter, IDEX Corp. (IEX) lifted its outlook for the full year 2022.

The company raised full-year earnings guidance to $7.75 to $7.80 per share from prior guidance of $7.19 to $7.29 per share. Adjusted earnings outlook was raised to $8.04 to $8.09 per share from prior estimate of $7.88 to $7.98 per share.

Analysts polled by Thomson Reuters currently expect earnings of $7.92 per share for the year.

For the fourth quarter, the company expects earnings of $1.75 to $1.80 per share and adjusted earnings of $1.92 to $1.97 per share. Analysts currently estimate earnings of $1.93 per share.